Take a look at the market movement over the last 24 hours. According to Coinglass, there was heavy liquidation: a total of $253 million. Long positions took the biggest hit, with $179 million liquidated, while shorts lost $74 million.

Bitcoin led the movement with $79 million in long liquidations and $28 million in shorts. Ethereum also felt the impact, with $36 million in longs liquidated and $16 million in shorts. Overall, more than 99,000 traders were liquidated globally in these 24 hours.

The worst was a position in BTCUSD that took a hit of $10 million. This is the kind of movement we see when the market becomes more volatile. Moral of the story: the market remains intense.